Grain Highlights 18.04.2022

18 Apr, 2022
Grain Highlights 18.04.2022
According to Oil World, Argentina, Brazil and India have significantly increased wheat exports with reduced supplies from Ukraine and Russia.

- 2.3 million hectares of spring crops have already been sown in Russia, which is 70% more than last year. The grain production is expected to reach 123 million tons (121.4 in 2021 and 133.6 in 2020).

- The Russian government has increased the export quota of fertilizers to 700,000 tons by the end of May. The export quota on nitrogen fertilizers is 231,000 tons. The export quota on complex fertilizers is 466,000 tons.

- The authorities in Kazakhstan have introduced a quota for wheat exports from the country, which will be 1 million tons over the period of 16.04 - 15.06.2022 . A quota on flour of 0.3 million tons was also introduced for the same period.

- According to the Canadian Grain Commission, 67,400 tons of wheat were exported from Canadian seaports in the week of April 4-10 (-64% compared to the previous week), and 7.9 million tons (-42%) since the beginning of the season. Durum wheat exports reached 42,900 tons for the week (53,600). They have totaled 1.7 million tons since the beginning of the season (-60%). According to the AAFC forecast, Canada's wheat exports will be 15.5 million tons in 2021/22 (26.4).

- According to Oil World, Argentina, Brazil and India have significantly increased wheat exports with reduced supplies from Ukraine and Russia. In March, 3.05 million tons of wheat were exported from Brazil and Argentina (1.2 years earlier), including 1.43 million tons for African countries (0.4). Over the period of January - March, exports from Argentina reached 7.7 million tons and 2.3 million tons from Brazil , ie. a total of 10 million tons (5 in the first quarter of 2021). 1.2 - 1.3 million tons of wheat were exported from India in March (0.4) and 2.8 - 2.9 million tons in the quarter (1.1).

- According to Oil World, 422,000 tons of soybeans were exported from Paraguay in March (1.38 in March 2021). Over the period of January - March, exports were 0.86 million tons (1.5). Exports of soyoil reached 48,000 tons (37,000) and 103,000 tons (83,000) for the quarter. Soymeal exports were 142,000 tons (130,000) and 399,000 tons (315,000) for the quarter.